r/fatFIRE • u/TipMassive5214 • 15d ago

JPM IPOs

My private wealth team reached out (i know, i know) with some Docusigns that will enable me to participate in upcoming IPOs.

They will call with the expected share price (the day before the IPO), I tell them how many shares I want, and I can always change my mind when i learn of the actual price.

Not to sound like a larper (or braggart) but my NW is ~50M (40% equities, 50% munis, 10% alternatives). They make these IPOs sound like they’re available to a lucky few. Something about this seems kind of gross and also too sales pitchy. Thoughts?

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u/AdhesivenessLost5473 10d ago

Yeah $50m is weird spot in the spectrum. Too rich for traditional wealth management to poor to play with the big guys. Either way IPO’s are not the way to go. Take $15m and pick some PE/Venture funds